Moore Capital Management LP Invests $6.95 Million in Amphenol Co. (NYSE:APH)

Moore Capital Management LP bought a new position in shares of Amphenol Co. (NYSE:APH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the electronics maker's stock, valued at approximately $6,945,000.

A number of other large investors have also recently made changes to their positions in the company. LMR Partners LLP increased its stake in shares of Amphenol by 105.7% during the fourth quarter. LMR Partners LLP now owns 606,297 shares of the electronics maker's stock worth $42,107,000 after buying an additional 311,497 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in shares of Amphenol during the fourth quarter worth approximately $1,320,000. Janus Henderson Group PLC increased its stake in shares of Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after buying an additional 3,933,269 shares during the period. Jefferies Financial Group Inc. increased its stake in shares of Amphenol by 14.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 17,936 shares of the electronics maker's stock worth $1,246,000 after buying an additional 2,260 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of Amphenol by 5.2% during the fourth quarter. Focus Partners Wealth now owns 133,461 shares of the electronics maker's stock worth $9,279,000 after buying an additional 6,573 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

APH traded up $0.92 during midday trading on Friday, reaching $86.89. 7,689,932 shares of the company's stock were exchanged, compared to its average volume of 7,529,053. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market capitalization of $105.10 billion, a PE ratio of 45.37, a P/E/G ratio of 1.92 and a beta of 1.10. The business's 50-day moving average price is $70.41 and its 200 day moving average price is $70.40. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $86.96.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. As a group, equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.76%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Insider Transactions at Amphenol

In related news, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the sale, the chief financial officer now directly owns 100,000 shares in the company, valued at approximately $7,593,000. The trade was a 80.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David M. Silverman sold 87,500 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the completion of the sale, the vice president now owns 12,500 shares of the company's stock, valued at approximately $1,000,375. The trade was a 87.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,178,500 shares of company stock worth $241,903,805 over the last ninety days. 1.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on APH. Citigroup increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. The Goldman Sachs Group increased their price target on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Truist Financial increased their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. TD Securities increased their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, Bank of America increased their price objective on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $81.62.

Amphenol Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.